EPW India’s IPO opened on the NSE SME platform with 10% subscription on Day 1. The issue, backed by a healthy grey market premium (GMP), has drawn investor interest across categories. Price band, subscription details, and GMP trends highlight cautious optimism for the company’s public debut.
EPW India Limited launched its initial public offering (IPO) on the NSE SME exchange, and the first day of bidding recorded 10% subscription. The IPO has generated attention in the grey market, with GMP trends suggesting a potential premium listing. Analysts note that while early subscription levels are modest, investor sentiment remains positive given the company’s fundamentals and sector outlook.
Key highlights from the announcement include
-
The IPO was subscribed 10% on Day 1, reflecting initial investor participation.
-
Grey market premium (GMP) indicates a possible 15–20% upside on listing, signaling strong demand.
-
The price band for the IPO has been set at Rs 78–82 per share.
-
Retail investor quota saw the highest activity, while institutional participation is expected to pick up in subsequent days.
-
Funds raised will be utilized for working capital, debt repayment, and business expansion.
-
EPW India operates in the engineering and industrial solutions space, catering to diverse clients.
-
Market experts believe the IPO’s performance will depend on sustained demand in the coming days.
-
The NSE SME platform continues to attract strong interest from smaller companies seeking capital market access.
The IPO debut of EPW India reflects the growing momentum in SME listings, with investors showing cautious but steady interest. With GMP trends pointing toward a premium listing, the company’s ability to deliver on its expansion plans will be closely watched by market participants.
Sources: Economic Times, Moneycontrol, Business Standard, NSE SME Exchange